Jonathan Honig, hedge fund manager at Capitalist Pig, reacted to the market selloff after the Big Money Show predicted the Fed would cut interest rates less in 2025.
house Republican leaders are panicking A deal to avoid a partial government shutdown is expected to be reached by a Friday deadline, but experts say the shutdown will have little impact on the stock market and could help given the circumstances. It is said that there is even a sexual nature.
The last-minute spat comes after an initial bipartisan agreement came under an avalanche of criticism from conservatives as the incoming Trump administration seeks to rein in government spending.
Stocks rebounded Thursday afternoon as investors weighed the Fed's hawkish views against the possibility of a government shutdown. (Brendan McDiarmid/Reuters Photo)
Eric Schiffer, an investor and financial expert and chairman of the Patriarch Organization, said that while a government shutdown would not lead to a nuclear market meltdown, it would cause short-term volatility. “It will be limited to a few trading sessions because I believe in the president.” He will use his mandate to pass it. ”
Ted Jenkin, co-founder of oXYGen Financial, dismissed concerns that the shutdown could have a significant impact on the market, telling FOX Business, “We are not positive about the growing fiscal dysfunction on Capitol Hill. If there's any light, it means there's enough history.” This is to show that the government shutdown will have minimal impact on investors and financial markets. ”
Here's what's in the spending bill that's angering Elon Musk, Vivek Ramaswamy
Chris Murkowski, founder of Murkowski Investments, said in an interview that the market could be affected depending on the length of the shutdown. But overall, concerns about closures are often overblown.
FOX News Chief Congressional Correspondent Chad Pergram reports on the latest news coming out of Congress as lawmakers try to avoid a government shutdown.
“What's happened in the last few days is that so many people have flooded the phone banks in Washington, D.C., basically saying enough is enough,” Murkowski told FOX Business. I think it's kind of unusual,” he told FOX Business. “We didn't vote for this. All this ridiculous spending needs to stop.”
National Debt Tracker: American taxpayers (you) are currently owed $36,189,345,826,140.62 as of December 18, 2024.
Murkowski said the threat of a government shutdown occurs every Christmas, arguing that in any other year, lawmakers would have already gone home for the holidays by now. But this year, “we're actually seeing backlash from taxpayers.”
Murkowski believes the government shutdown could embold investors at the prospect that the government may eventually cut spending, which could ultimately lead to a firmer market.
Republicans in the Republican-led House of Representatives are working to forge a last-minute deal to avert a government shutdown after conservative backlash over the spending bill killed a bipartisan bill. (Julia Nickinson/via Bloomberg/Getty Images)
He pointed to the fact that one of the largest items in the federal budget is interest on the national debt, which currently exceeds $36 trillion.
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“You can't run a home like that. You can't run a business like that,” he said, but added, “That's the way we're running our country at this point.” Ta.
“Like most taxpayers, I'm frankly disgusted,” Murkowski said. “It's not so much about paying the taxes that we should be paying, it's about the fact that our tax dollars are just being wasted on a regular basis.”
